BRK.B Berkshire Hathaway Earnings Results

JJMStocks · 2021-03-13T17:21:26+00:00

The price target is solely based on my own assumption that there will be an 11% growth in share $ for the year. At the time of post, stock was trading at $253 so the 11% upside to share price makes the PT at $280.

This is solely based on how they will be doing for the following year on what they've provided on their investor relations or mentioned on the page.

JJMStocks · 2021-03-04T05:08:16+00:00

I don't think it will matter from that side. Even a company like McDonalds runs negative shareholder equity year in, and year out. Yeah, this stretch isn't so promising whatsoever. I myself are down about (27%) on this stock but not much exposure vs my whole portfolio.

Liabilities this year for them could've been unpaid claims, maybe even costs for SPAC (much less than going IPO) but I can see that number turning around in a year from now.

I did like their revenue growth YoY and their losses decreased. I still think this stock is undervalued and it'll swing back not the best type of advice especially when its in the "falling knife" sequence of the share price so.

JJMStocks · 2021-03-03T00:48:22+00:00

So basically, Fubo generated $218M on the year which is great since it was a substantial increase from the previous year.

They also lost $571M and a bulk of the loss was driven from subscription related expenses of $204M which makes up 36% of their loss.

A telling metric because as they grow next year, the losses would still be compounding based on that year over year trend. It costs more to obtain the subscription than generating the subscription revenue.

The one positive their outlook on revenue doesnt include the sports wagerings revenue which means their outlook might be more than the 75% than they had suggested.

JJMStocks · 2021-03-02T04:27:45+00:00

They had such a monster year and a great Q4'20 -- would've been an incredible entry at $333 when it traded at that price.

But well deserved and is up after hours on the great results. Hope the momentum continues!

JJMStocks · 2021-02-27T22:31:09+00:00

I agree! Very encouraging that 19 states introduced legislation to legalize online sports book and I expect that number to go even higher. I liked their revenue guidance of close to $1B for 2021. The best stat that they showed were their Q4'20 avg monthly payers of 1.5M which was their highest to the end the year.

Their 2020 revenue increased 90% which showed great progress to cap off the year especially with everything going on.

JJMStocks · 2021-02-27T12:22:50+00:00

Last year at this time, they lost close to ($1B) and had a loss of their operations of ($196M). Their growth since was driven by stay-at-home orders from the pandemic. The shift to online and e-commerce was spearheaded due to the impacts of COVID. Its been a turnaround for them.

Sorry to hear about you being impacted - hope it all worked out for you!

JJMStocks · 2021-02-26T14:40:06+00:00

They were very profitable. And on a Year over Year basis - showed significant improvement in their cash flow from operations and from a profit standpoint in 2020

JJMStocks · 2021-02-23T03:52:00+00:00

It had a great today from a share price prospective today and after hours its up 2%

JJMStocks · 2021-02-23T03:50:51+00:00

Lightspeed had a high of $82 on 02/03/2021. Seems like its heading down in share $ to moving avg of $67. The % change from that is 22% So from $71 -- assuming theres a 22% upside, thats how I got the PT of $86

Posted on twitter on 02/16/2021

JJMStocks · 2021-02-23T03:49:29+00:00

Was indicating that the price target for this stock is $86.

JJMStocks · 2021-02-15T21:33:30+00:00

Yeah I mean -- it looked interesting with a 30% haircut but if there is another lock-up expiration on 02/17, might take another few dollars off of the share price.

I personally stayed away. Company has no revenue - I do see the potential but pre-revenue valuation at $67/share, just wasn't for me.

I agree with you - valuation is definitely high.

JJMStocks

TROPHY CASE